With a bachelor's degree in accounting from the University of Illinois at Urbana-Champaign, Walt Hommerding is an Orange County Five-Star Wealth Manager. He has served as the Managing Director-Investments with Wells Fargo Advisors since 2002. Walt Hommerding (telephone 949-759-4564; e-mail walt.j.hommerding@wfadvisors.com) assists individuals with retirement planning, among other services.According to data collected from the Insured Retirement Institute, only a third of baby boomers have retirement savings of more than $250,000. Based on current savings levels, the majority of boomers will retire with a potential income gap of between $3,864 and $12,072 each year. While younger workers have more time to save money for retirement, older workers have the benefit of funding retirement accounts at increased levels. For instance, individuals over 50 years of age can put as much as $6,500 into an IRA and $24,500 into a 401(k) each year.The average retirement age for today's worker is 66, but those behind on retirement savings may have to work longer, which will help them avoid using their existing savings and generate more money for their 401(k) or IRA. Additionally, Social Security benefits will increase 8 percent for every year a worker delays retirement, up to age 70.
Experienced financial advisor Walt Hommerding has spent more than 15 years with Wells Fargo Advisors in Newport Beach, California. Positions he has held with the company include Senior Vice President, Managing Director-Investments, and Senior Portfolio Investment Manager. Beyond his professional activities, Walt Hommerding enjoys playing golf at courses throughout Orange County.According to Golf Digest, California is one of the nation’s leading states for world-class golf courses, with 12 courses ranking among the top 100 in the United States. One of the highlights is the Cypress Point Club, the No. 3 course in America for the 2017-2018 season. In a unique path to greatness, the Cypress Point Club has resisted modernization and remains a timeless ode to the sport’s earliest days.Pebble Beach Golf Links, meanwhile, is widely regarded as the premiere seaside golf course in the country, with numerous holes directly overlooking the Pacific Ocean. The owners have made frequent renovations since the course was established in 1919, and they continually strive to make it better. As a testament to this determination, No. 7-ranked Pebble Beach will host its sixth United States Open in 2019.A few more California golf courses worthy of note include Los Angeles Country Club North, Riviera Country Club in Pacific Palisades, and San Francisco’s Olympic Club.
The recipient of a bachelor’s degree in accounting from the University of Illinois at Urbana-Champaign, Walt Hommerding is an experienced financial planner who serves as Managing Director-Investments of Newport Beach, California’s Wells Fargo Advisors. In addition to his professional responsibilities, Walt Hommerding is a regular supporter of Wounded Warrior Project (WWP).Since its establishment in the early 2000s following the September 11 attack on the World Trade Center and subsequent Operations Iraqi Freedom, Enduring Freedom, and New Dawn, WWP has provided programming, as well as financial and emotional support, to over 110,000 veterans and service members. On January 4, the nonprofit organization released its annual report for 2017, which highlighted over 341,000 instances in which it engaged with its warriors, their families, and caregivers.Throughout 2017, WWP made over 109,000 wellness checks and sent out a combined 5 million copies of its weekly email newsletter. Frequent interactions play an instrumental role in rehabilitation and recovery as four of five veterans listed social engagement and support as vital to each process in a recent survey. Additionally, Warrior Care Network, which is a collaboration of four academic medical centers and WWP, provided over 42,000 hours of clinical mental health treatment in 2017.
As Managing Director-Investments with Wells Fargo Advisors in Newport Beach, California, Walt Hommerding provides a variety of wealth management services to small businesses and high net worth individuals. Beyond his professional pursuits, Walt Hommerding is a passionate sports fan who counts the Chicago Blackhawks as his favorite National Hockey League (NHL) team.The Blackhawks have made the playoffs in nine consecutive seasons and won three Stanley Cups during that time. If the performance of its young players this season is any indication, the team is poised for future success as well. One player in particular, Alex DeBrincat, is thriving in his rookie season. The 19-year-old native of Farmington Hills, Michigan, is second on the team in scoring through 24 games with 10 goals and eight assists. He had a slow start to his career, but recently posted seven goals and three assists in a seven-game stretch, which included a four-point performance and a hat trick (three goals) in a game against the Anaheim Ducks. In doing so, he became the second youngest Blackhawk to ever score three goals in a game behind Jeremy Roenick. DeBrincat was selected by the Blackhawks in the second round of the 2016 NHL Entry Draft following a 101-point season with the Erie Otters of the Ontario Hockey League. He was sent back to Erie after being drafted and responded positively with 127 points in 63 regular season games and 38 points in 22 playoff games.
